Signalized Corner Commercial
For Sale
$1,999,900
2077 West Shore Rd, Warwick, RI 02889
Signalized corner assemblage with existing commercial building space and two included addresses.
Property Size9,460 SF
Price / SF$211.41
Days on Market69
Property Features for 2077 West Shore Rd
General Information
Standard status
Active
Size
9,460 SF
Building Details
Year Built
1987
Listing Agency:
RE/MAX Properties
Listed By:
Karl Martone · License #REB.0013618
(401) 232-3900
Source:
Alpernandmesenbourg
Added: Aug 8
Changed: Oct 12
Last Checked: Oct 7 at 2:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Properties
Investment Insights
Based on property information with market context.
This 1.43-acre commercial land offering includes approximately 14,000 square feet of existing building space. The property was built in 1987 and is being offered as a two-address assemblage comprising 2077 West Shore Road and 250 Oakland Beach Road.
Positioned at a signalized corner, the site provides a prominent commercial setting with direct access from both listed properties. Its existing improvements and sizable land area support consideration of future commercial use or redevelopment, subject to applicable approvals.
Positioned at a signalized corner, the site provides a prominent commercial setting with direct access from both listed properties. Its existing improvements and sizable land area support consideration of future commercial use or redevelopment, subject to applicable approvals.
Key Highlights
- 1.43‑acre commercial land offering
- Approximately 14,000 square feet of existing building space
- Signalized corner location
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,289
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,445,780
$2.4M
Cap Rate 7%
$1,746,986
$1.7M
Cap Rate 9%
$1,358,767
$1.4M
Market Conditions
NOI Build-Up for 9,460 SF
Gross rent
$179.4K $18.96/SF
− Vacancy
−$4.7K −$0.49/SF
EGI
$174.7K $18.47/SF
− OpEx
−$52.4K −$5.54/SF
NOI
$122.3K $12.93/SF
Area
Kent County, RI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,445,780
Cap Rate 7%
$1,746,986
Cap Rate 9%
$1,358,767
Alternative Uses
Best Use
Retail
$1.75M
$1.53M – $2.04M
NOI $122,289 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.37M
$2.07M – $2.76M
NOI $165,853 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
22k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
11,645 visits/mo
0.2 miles
7-Eleven
Shops & Services
8,778 visits/mo
0.1 miles
U-Haul
Shops & Services
1,134 visits/mo
0.1 miles
Demographics for 02889, RI
28,277
Population
11,947
Households
2.4
Avg Household Size
44
Median Age
26%
College-Educated
91%
High-School Grad
8.5 sq mi
ZIP Area
3,327
Density / Sq Mi
$85,617
Median Household Income
$50,988
Median Earnings
$1,216
Median Rent
$299,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Signalized corner assemblage with existing commercial building space and two included addresses.
Where is this commercial land located?
The property is located at 2077 West Shore Rd Warwick, RI.
What is the asking price?
The asking price for this property is $1,999,900.
What are key features of this property?
This property features: 1.43‑acre commercial land offering; Approximately 14,000 square feet of existing building space; Signalized corner location
